Radha Madhav slides on profit taking after turnaround in Q4

Radha Madhav Corporation fell 3.4% to Rs 38.40 at 14:55 IST on BSE, with the stock sliding on profit booking after the company reported net profit of Rs 19.31 crore in Q4 March 2015 compared with net loss of Rs 32.10 crore in Q4 March 2014.

The Q4 result was announced during market hours today, 19 May 2015.

Meanwhile, the S&P BSE Sensex was up 12.50 points or 0.05% at 27,699.80.

On BSE, so far 10.59 lakh shares were traded in the counter as against average daily volume of 1.39 lakh shares in the past one quarter.

The stock hit a high of Rs 43.40 and a low of Rs 37.85 so far during the day. The stock had hit a 52-week low of Rs 19.25 on 16 May 2014. The stock had hit a 52-week high of Rs 54.10 on 20 January 2015.

The stock had outperformed the market over the past one month till 18 May 2015, advancing 19.55% compared with Sensex's 2.65% fall. The scrip had also outperformed the market in past one quarter, rising 0.63% as against Sensex's 5.57% fall.

The small-cap company has equity capital of Rs 62.84 crore. Face value per share is Rs 10.

Shares of Radha Madhav Corporation had witnessed a pre-result rally. The stock had rallied a whopping 39.96% in four trading sessions to settle at Rs 39.75 yesterday, 18 May 2015, from a recent low of Rs 28.40 on 12 May 2015.

Radha Madhav Corporation's net sales rose 1364.14% to Rs 57.98 crore in Q4 March 2015 over Q4 March 2014.

Radha madhav Corporation is multi material, multi process, multi product packaging solutions provider.

Powered by Capital Market - Live News